Middle East Economic Survey

VOL. LIV

No 45

7-Nov-2011 

Sharara Sparks New Stage Of Libyan Output Rebound

Libya’s oil industry continues to recover, with crude output around the 530,000 b/d mark on the back of rises from the Repsol-operated Sharara field. The key offshore Bahr al-Salam gas field restarted production on 2 November. But while the oil and gas news is largely positive, chaos reins in much of the country.

There is deep uncertainty as to the extent of the new...